• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Reuters

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Oil Soars To 3 Week High On Saudi Production Cut Confusion; Iran Spoils The Party





IRAN WANTS TO RECOUP OIL MARKET SHARE AND IS A CHALLENGE IN ANY DEAL TO CUT OIL OUTPUT - OPEC SOURCES

Headline hockey continues in the energy complex as earlier confirmation of a pending OPEC meeting possible in February has seen more color added, via Reuters, that Saudi Arabia made a proposal that OPEC members cut production by a maximum of 5%. There remains confusion however as Bloomberg reports simply that Russian energy minister has said they "may discuss it," as opposed to being a specific proposal.

 
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Abenomics Architect Resigns Amid Corruption, Bribery Allegations





"I worked without sleep or rest. After Prime Minister Abe put my self at the helm of Abenomics, I put my life on the line for my national duty over the past three years."

 
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Frontrunning: January 28





  • Unease over Fed rate path dents European stocks (Reuters)
  • Global Stocks Pressured After Fed Statement (WSJ)
  • Japan's Economy Minister Amari to Resign Over Graft Scandal (BBG)
  • Authorities working to clear remaining protesters in Oregon occupation (Reuters)
  • China Sharpens Efforts to Halt Money Outflow (WSJ)
  • Eurozone January Economic Sentiment Falls Sharply, Hits 5-Mth Low (MNI)
 
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Showdown Imminent: FBI Sets Up Checkpoints Around Oregon Refuge





“I don't know what to tell you but if somebody saying 'peaceful resolution' comes in and points guns at me...”

 
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Stocks Storm Green, Oil Surges After Russia Says Will Discuss "Possible Production Cuts With OPEC"





For those wondering what matters in this market, here is the answer: moments ago US stocks stormed into the green, following oil which after some confusion after today's massive DOE inventory build, has surged back over $32, one just one piece of news: moments ago both Reuters and Bloomberg cited the CEO of Russia's Transneft, who said that Russia and OPEC will discuss possible output cuts: BREAKING: Russia's Transneft says Russia and OPEC will discuss possible output cuts -TASS; RUSSIA TO DISCUSS OIL OUTPUT LEVELS W/ OPEC: TOKAREV

 
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Frontrunning: January 27





  • Global stocks, dollar struggle ahead of Fed as oil falters (Reuters)
  • Bond Bulls Bank on Fed Mention of Market Chaos as Drag on Growth (BBG)
  • Fees on Mutual Funds and ETFs Tumble Toward Zero (WSJ)
  • China Climbs Back Up Janet Yellen's Worry List (BBG)
  • The World’s Favorite New Tax Haven Is the United States (BBG)
  • New Jersey Gov. Christie backs Atlantic City takeover plan (Reuters)
 
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"ISIS Has Enjoyed Turkish Money For Oil For A Very, Very Long Time": Israeli Defense Minister





"It's up to Turkey, the Turkish government, the Turkish leadership, to decide whether they want to be part of any kind of cooperation to fight terrorism. This is not the case so far.”

 
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Active Shooter Reported At San Diego Naval Medical Center





An active shooter was reported at the Naval Medical Center San Diego on Tuesday, according to a post on the medical center's Facebook page.

 
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Chinese "Lose Faith In Collapsing Stock Markets And Currency", Import Most Gold Since 2013





China's demand for gold is back: as China's equities slumped and its yuan currency finished 2015 with a record yearly loss, "people looked at other investment  alternatives that's why there was huge demand for gold," said Brian Lan, managing director at gold dealer GoldSilver Central in  Singapore.

 
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Frontrunning: January 26





  • China shares end at 14-month lows after late selling frenzy (Reuters)
  • China Dec gold imports through Hong Kong highest since 2013 (Reuters)
  • China Contagion Fades as European Stocks Pare Drop, Oil Rises (BBG)
  • Apple set for slowest ever iPhone sales growth (Reuters)
  • Saudis, Russia Seen by Iraq as More Flexible on Oil-Output Cuts (BBG)
  • China Probes NEV sector for subsidy fraud (China Daily)
 
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Chinese Rush To Buy Foreign Assets As Mammoth $1 Trillion In Capital Flees Country





When the RMB deval dust settled, some $1 trillion in capital fled China in 2015 as Chinese rushed to move money out of the country ahead of what many expect will be a much larger yuan depreciation. Estimating capital flight out of China isn't an exact science and different analysts look at different proxies to determine just how leaky the ship is, so to speak. For their part, Goldman has endeavored to break down the numbers on the way to shedding some light on where to look to assess the pace of the flows. 

 
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Security Woes Threaten OPEC's Second Largest Producer





Iraq has been one of the key contributors to the uptick in OPEC oil production over the past year and a half. Despite the fact that the country’s crude oil output has continuously been plagued by security concerns and faltering payments to international oil companies from both the Kurdish regional government (KRG) and Baghdad and an ongoing row over oil export rights, it has still managed to ramp up production to record levels. No reason to worry about Iraq’s oil future it seems… or is there?

 
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